NEW YORK, February 1, 2024: Wolf Popper LLP is investigating potential securities fraud claims on behalf of purchasers of New York Community Bancorp, Inc. (“NYCB” or the “Company”) common stock (NYSE: NYCB).
Before the market opened on January 31, 2024, NYCB announced its fourth quarter and full year 2023 results, which included a fourth quarter loss of $260 million, a $552 million provision for credit losses, net charge-offs of $185 million and a dividend cut to $0.05 per share per quarter (from $0.17). On this news, NYCB’s stock price fell $3.91 per share to close on January 31, 2024 at $6.47, a drop of 37.7% on very heavy volume.
Investors who lost over $50,000 trading in New York Community Bancorp, Inc.’s common stock and who would like to discuss the investigation should contact Adam Savett at (212) 451-9655, or asavett@wolfpopper.com.
Contact Instructions
Phone: Adam Savett - (212) 451-9655
Email: Outreach@wolfpopper.com